Decentralized Exchange Platform dYdX Launches First $DYDX Buyback Program
On Monday, decentralized trading platform dYdX announced the initiation of its first $DYDX buyback program to enhance long-term confidence in the token and solidify its role within the ecosystem. Starting today, 25% of dYdX’s net protocol revenue will be allocated to a monthly buyback, systematically purchasing $DYDX from the open market and staking it to enhance network security.
dYdX stated that as the buyback program takes effect, the allocation of net protocol revenue will be as follows:
- 10% – Treasury SubDAO, for financial sustainability initiatives
- 25% – MegaVault
- 25% – Buyback Program
- 40% – Staking Rewards
dYdX noted that this structure ensures that protocol revenue is strategically reinvested into the ecosystem, thereby strengthening network security, governance, and long-term sustainability. The team also revealed that the community is discussing the possibility of gradually increasing the buyback program’s allocation from 25% to 100%.
According to the announcement, as of March 1 of this year, 85% of the $DYDX tokens have been unlocked, and starting from June 2025, the emission rate will be reduced by 50%, with all token unlocks expected to conclude in June 2026. Additionally, the dYdX community treasury holds approximately 190 million DYDX tokens, representing 19% of the total supply, which are reserved for future community-driven initiatives to ensure the ongoing development and expansion of the protocol.
Following the announcement of the buyback program, the price of dYdX surged by approximately 10% in a short period before experiencing a pullback. As of the time of this publication, the trading price of DYDX is around $0.73.
